Cognizant Technologies Options Co. (NASDAQ:CTSH) Provided Consensus Rating of "Hold" by Analysts

Shares of Cognizant Technologies Options Co. (NASDAQ:CTSH – Get Rating) have been offered a consensus recommendation of “Hold” by the twenty-3 ratings firms that are covering the stock, Marketbeat reports. 5 investment analysts have rated the stock with a sell rating, ten have offered a hold rating and 3 have offered a get rating to the firm. The typical 12 month cost target amongst analysts that have covered the stock in the final year is $68.58.

CTSH has been the subject of quite a few current analyst reports. Barclays lifted their cost objective on shares of Cognizant Technologies Options from $45.00 to $53.00 and gave the stock an “underweight” rating in a analysis note on Monday, February 6th. Bank of America downgraded shares of Cognizant Technologies Options from a “neutral” rating to an “underperform” rating and set a $57.00 target cost on the stock. in a report on Monday, January 9th. Robert W. Baird downgraded shares of Cognizant Technologies Options from an “outperform” rating to a “neutral” rating and raised their target cost for the stock from $66.00 to $68.00 in a report on Friday, February 3rd. TheStreet upgraded shares of Cognizant Technologies Options from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st. Ultimately, Deutsche Bank Aktiengesellschaft raised their target cost on shares of Cognizant Technologies Options from $54.00 to $67.00 in a report on Friday, February 3rd.

Hedge Funds Weigh In On Cognizant Technologies Options

Institutional investors have not too long ago added to or decreased their stakes in the firm. Dark Forest Capital Management LP acquired a new position in Cognizant Technologies Options in the course of the second quarter worth $26,000. Prospera Economic Solutions Inc boosted its position in Cognizant Technologies Options by 77.% in the course of the second quarter. Prospera Economic Solutions Inc now owns 393 shares of the info technologies service provider’s stock worth $27,000 soon after buying an extra 171 shares in the course of the period. Neo Ivy Capital Management boosted its position in Cognizant Technologies Options by 75.six% in the course of the third quarter. Neo Ivy Capital Management now owns 504 shares of the info technologies service provider’s stock worth $29,000 soon after buying an extra 217 shares in the course of the period. Ronald Blue Trust Inc. purchased a new position in Cognizant Technologies Options in the course of the second quarter worth $49,000. Ultimately, Hexagon Capital Partners LLC boosted its position in Cognizant Technologies Options by 492.9% in the course of the third quarter. Hexagon Capital Partners LLC now owns 587 shares of the info technologies service provider’s stock worth $34,000 soon after buying an extra 488 shares in the course of the period. 90.12% of the stock is at the moment owned by institutional investors and hedge funds.

Cognizant Technologies Options Stock Down four. %

Shares of NASDAQ CTSH opened at $57.98 on Tuesday. The firm has a industry capitalization of $29.53 billion, a PE ratio of 13.12, a cost-to-earnings-development ratio of 1.22 and a beta of 1.ten. The firm has a present ratio of two.17, a speedy ratio of two.17 and a debt-to-equity ratio of .05. Cognizant Technologies Options has a 1 year low of $51.33 and a 1 year higher of $93.47. The firm’s 50-day moving typical is $63.79 and its 200-day moving typical is $61.05.

Cognizant Technologies Options (NASDAQ:CTSH – Get Rating) final released its quarterly earnings information on Thursday, February 2nd. The info technologies service provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. Cognizant Technologies Options had a net margin of 11.79% and a return on equity of 18.92%. The small business had income of $four.84 billion for the quarter, compared to analyst estimates of $four.78 billion. For the duration of the similar quarter final year, the firm earned $1.ten EPS. Cognizant Technologies Solutions’s quarterly income was up 1.three% compared to the similar quarter final year. Equities analysts anticipate that Cognizant Technologies Options will post four.51 EPS for the present year.

Cognizant Technologies Options Increases Dividend

The firm also not too long ago announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 17th had been issued a dividend of $.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of two.00%. This is an enhance from Cognizant Technologies Solutions’s prior quarterly dividend of $.27. The ex-dividend date was Thursday, February 16th. Cognizant Technologies Solutions’s payout ratio is presently 26.24%.

Cognizant Technologies Options Corporation Profile

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Cognizant Technologies Options Corp. engages in the provision of info technologies, consulting, and small business method outsourcing solutions. It operates by means of the following small business segments: Economic Solutions, Healthcare, Merchandise and Sources, and Communications, Media, and Technologies. The Economic Solutions segment consists of banking and insurance coverage solutions.